Learn more about lending invoices
What is invox finance? This is a credit billing platform, if you are thinking of a small business and an invoice, their customers may not receive payment, say 45-90 to 120 days in some cases a very long time when they do work and get paid for it. . This means that during the interim period they can fight for finance and capital. So, what this platform intends to do is give these businesses a way to get money based on the amount of the bill. competition in the singular, and it is densely populated, there is no other ICO company or blockchain offering the service at the moment. Differences between populous and invox, a crowded platform, do not allow buyers to use the service. The invox platform is actually going to connect sellers, accounts and buyers on the same platform. This will be much more attractive, and buyers will also be rewarded with invox tokens. Another difference between them is the invoices loaded on a crowded platform, paper invoices that put them static, whereas the invox financing platform will include intellectual contracts with dynamic accounts. Provision of contracts with invoices in a fully digital format and looking forward to the actual elimination of any paper invoices. Another difference from a crowded platform requires investors to offer each other a tender at an auction to finance invoices, while the invox platform will provide everyone with equal access, so there will be a large pool of sellers and based on the fact that investors risk preferences, and that's basically will save investors from the need to prune each other in an auction. You will not fight or offer bets against each other, you will have a fair and equal chance to participate. Other differences, densely populated, require investors to group together in essence, they form a pool if they can not finance larger invoices, whereas the invox platform divides the loan into several fragments. This allows a smaller investor to invest. you will have a fair and equal chance to participate. Other differences, densely populated, require investors to group together in essence, they form a pool if they can not finance larger invoices, whereas the invox platform divides the loan into several fragments. This allows a smaller investor to invest. you will have a fair and equal chance to participate. Other differences, densely populated, require investors to group together in essence, they form a pool if they can not finance larger invoices, whereas the invox platform divides the loan into several fragments. This allows a smaller investor to invest.
Financing invox is important, because for companies, in particular, they can exhaust the cash flow if the account is not paid immediately. The other side of the coin - if they require too fast a bill, then buyers may not use their services or buy their products, because they have to pay quickly. Usually in business, invoicing is 30 to 90 days, in some cases - not more than seven days, and in other cases - up to 120 days. The seller can issue invoices on a 30-day basis, but within these 30 days, if the account is not paid, they will fight for the cash flow and they need financing, they need a flow of cash so that it arrives, so that they will, perhaps, go to the bank for an overdraft or they will use the funds from other sources. How traditional account financing works, the financier takes the account from the seller and usually provides up to 80 percent of the nominal value of the invoice. A financier does, say, 20 percent on average for each invoice, and this allows the seller to receive cash flow faster, and the financier can simply sit and wait for the buyer to pay and receive a reward of 20 percent of the total. This usually depends on a number of factors and, obviously, on the evaluation of the seller's credit rating, on the strength of the buyer's financial situation. You will take into account their current position at the time when invoices are invoiced. Sectoral sectors in which the buyer and seller are involved, and what documentation is available to confirm the delivery of the product. The postal receipt, signed,
The main problem is that the financier buys an invoice from the seller, who does not have a relationship with the buyer. He is mainly involved as an agent for debt collection or something else if the buyer refuses to pay, and the financier must rely on most of the information provided by the seller. The relationship between the seller and the buyer may not be completely transparent. The financier takes the risk, and in fact this is what he is paid 20% for. It is based on the relationship of trust between the seller and the buyer, and this obviously has problems, as the buyer and the seller can conspire or conspire to deceive the financier. The seller can issue an invoice, for example, for a service that has not been fully completed, or a product that does not comply with the agreed specification or customer requirements. The buyer can also challenge the responsibility for payment. The buyer may become insolvent and unable to pay the bills. There are also problems with the complexity of processes, legal documentation, etc. Preparation and execution of legal documents is laborious and expensive and can include a number of third-party suppliers. As you can understand, these are relationships based on trust, and this leads to these inherent problems. If you are involved in a business and you have made any financing on the account, many of these problems will be quite common for you, and you will already know about them, but if you did not, and that's really what the problems are and of course , we are talking about trust here, so that there is a better solution than an easy-to-use platform, such as a block-chain for implementing an invoice. Their goals are fairly simple, they are going to frustrate and revolutionize the traditional account financing market, and it's really a devastating ICO. This will really change the way that invoices are financed from the traditional model that I mentioned. By imposing on the blockade, you get a more reliable platform, you get a decentralized platform, more secure and more private. Also allow all parties to connect. Sellers, buyers and investors and other service providers. You will also receive direct access to investors so that sellers can continue and access to individual investors for withdrawing accounts from them. This is similar to a peer-to-peer environment, and there will be low rates for sellers. This will really change the way that invoices are financed from the traditional model that I mentioned. By imposing on the blockade, you get a more reliable platform, you get a decentralized platform, more secure and more private. Also allow all parties to connect. Sellers, buyers and investors and other service providers. You will also receive direct access to investors so that sellers can continue and access to individual investors for withdrawing accounts from them. This is similar to a peer-to-peer environment, and there will be low rates for sellers. This will really change the way that invoices are financed from the traditional model that I mentioned. By imposing on the blockade, you get a more reliable platform, you get a decentralized platform, more secure and more private. Also allow all parties to connect. Sellers, buyers and investors and other service providers. You will also receive direct access to investors so that sellers can continue and access to individual investors for withdrawing accounts from them. This is similar to a peer-to-peer environment, and there will be low rates for sellers. Also allow all parties to connect. Sellers, buyers and investors and other service providers. You will also receive direct access to investors so that sellers can continue and access to individual investors for withdrawing accounts from them. This is similar to a peer-to-peer environment, and there will be low rates for sellers. Also allow all parties to connect. Sellers, buyers and investors and other service providers. You will also receive direct access to investors so that sellers can continue and access to individual investors for withdrawing accounts from them. This is similar to a peer-to-peer environment, and there will be low rates for sellers.
Website: https://www.invoxfinance.io
Twitter: https://twitter.com/InvoxFinance
Telegram: https://t.me/InvoxFinanceCommunity
Technical documentation: https://www.invoxfinance.io/docs/Invox-Whitepaper.pdf
author: adam sukses
profile:https://bitcointalk.org/index.php?action=profile;u=1958433
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